17 Jun 2016
The Northern Territory Government has welcomed the announcement of Mark Burgess as the fifth and final member to the Board of the Northern Territory Infrastructure Development Fund.
David Tollner said Mark Burgess brings a wealth of valuable experience in
infrastructure investment to the NTIDF Board.
Burgess has an accomplished career in infrastructure development and was
formerly the managing director of the Future Fund Management agency,” he said.
knowledge and experience in investing in local and global infrastructure assets
will benefit future development plans in the Northern Territory and ensure the
NTIDF achieves its aim of generating future revenue for the NT.”
“I am extremely pleased to join such
an important and positive initiative for the Northern Territory,” Mark Burgess
“The development of a world class
infrastructure fund of the highest quality that will support growth in the NT
at an important time is an exciting prospect and I look forward to joining the
“This is a unique and leading
investment opportunity to build a long-term diversified portfolio of infrastructure
investments which will benefit the long term development of the Territory.”
The NTIDF Board consists of:
NTIDF is now fully operational and aims to attract up to $1.5 billion of
investment, including external investment from Australian governments, Australian
superannuation funds, and other Australian and international institutional
investors,” NTIDF Chairman
Les Fallick said.
“The key objective of
the NTIDF is to be a long-term investor in a diversified portfolio of
The NTIDF will:
attracting external investment, the NTIDF will seek to leverage the Territory
Government’s initial investment of $300 million into a total pool of capital of
$1.5 billion, which should generate at least $4.5 billion in infrastructure
investment,” Mr Tollner said.
April, Infrastructure Capital Group (ICG) was
selected as the investment manager for the NTIDF.
ICG is an independent Australian infrastructure funds management firm with over 15 years experience and a track record of investment in successful and effective infrastructure projects.
ICG are now responsible for all aspects of the investment process including identifying and delivering a range of infrastructure projects which will deliver a commercial rate of return to the fund’s investors.
The NTIDF will invest directly in a diversified portfolio of infrastructure assets that may include:
fund will seek to invest primarily in Northern Territory related infrastructure
assets, however under appropriate circumstances some funds may be invested
outside the Northern Territory, such as linking projects with other States.
NTIDF is the first of its kind in Australia and will support the development of
infrastructure using the proceeds of the sale of TIO and the long term lease of
the Port of Darwin.
NTIDF is a down-payment on the Territory’s future growth – an investment that
will deliver jobs and prosperity for years to come,” Mr Tollner said.
major initiative is part of the Country Liberals Government’s plan to continue
to diversify and support the NT economy following Labor’s massive debt legacy.”
learn more about the NTIDF go to http://www.treasury.nt.gov.au/Economy/NTIDF/Pages/default.aspx
Media Contact: Marnie Hobson 0409 527 909